Financial results
Awaiting price reaction for this filing.
Murae Organisor reported FY25 revenue from operations of Rs 85,482.18 lakhs, a massive jump from Rs 254.33 lakhs in FY24. Net profit for the year stood at Rs 751.93 lakhs versus Rs 5.31 lakhs last year. Q4 revenue alone was Rs 51,553.38 lakhs versus just Rs 85.96 lakhs in the year-ago quarter. However, the statutory auditor issued a Disclaimer of Opinion, stating he could not verify the numbers due to missing documentation. Key concerns flagged include unsecured loans of Rs 21,275 lakhs with no agreements, unconfirmed advances/loans of Rs 28,367 lakhs, trade payables of Rs 19,502 lakhs without MSME bifurcation, and sales invoices not backed by e-way bills or delivery proof. The company also has no godown facility and operating cash flow was deeply negative at Rs -32,297 lakhs.
Despite the explosive top-line and profit growth, the auditor's Disclaimer of Opinion means the reported financials cannot be relied upon as a true picture. The combination of massive revenue jump, negative operating cash flow, and inability to verify trade transactions raises serious red flags about earnings quality. Shareholders should treat these numbers with extreme caution until the audit qualifications are resolved.